Housing Market: Home Prices are Up!

The latest numbers for the S&P/Case-Shiller House Price Index, just released, show an increase in home prices for twenty major cities in the United States. Both the 20-City Composite and 10-City Composite show similar trends, the first with a 1.6% increase and the second with a 1.5% increase for the month of July 2012. This numbers constitute a second year-over-year rise, following a decline in 2010 caused by the end of the Housing Stimulus package in April of that same year.

 

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